The global tungsten welding electrodes market is expected to grow at a CAGR of 4.5% during the forecast period, to reach USD 1.2 billion by 2030. The growth of this market can be attributed to the increasing demand for tungsten in various industries such as automotive, aerospace and defense, and construction & engineering. Tungsten is used in these industries due to its high melting point and resistance against corrosion. Moreover, it has a low density which makes it an ideal material for use in aircrafts and missiles due to its weight-to-strength ratio.
The global tungsten welding electrodes market is segmented on the basis of type into pure tungsten, thoriated tungsten, lanthanum tungsten, cerium tungsten and yttrium tungsten; on the basis of application into TIG welding (Tin-Indium-Gallium), plasma welding (Plasma Arc Welding), cutting (Cutting) and thermal spray; on the basis of region into North America (NA), Latin America (LA), Europe (EU), Asia Pacific & Middle East & Africa (APMEA) regions; with forecasts from 2016 till 2030.
- Tungsten welding electrodes are used in the production of steel and other metals.
- The demand for tungsten welding electrodes is expected to increase due to the increasing demand for steel and other metals.
- The price of tungsten welding electrodes is expected to increase due to the increasing cost of raw materials such as tungsten, which is a key component in these products.
- Tungsten welding electrodes are used in various industries such as construction, automotive, aerospace, and others which will lead to an increased demand for these products over time.
- Increasing industrialization across developing countries will also lead to an increased demand for tungsten welding electrodes.
Industry Growth Insights published a new data on “Tungsten Welding Electrodes Market”. The research report is titled “Tungsten Welding Electrodes Market research by Types (Pure Tungsten, Thoriated Tungsten, Lanthanum Tungsten, Cerium Tungsten, Yttrium Tungsten, Others), By Applications (TIG Welding, Plasma Welding, Cutting, Thermal Spray, Others), By Players/Companies Diamond Ground Products, E3, Weldstone, Winner Tungsten Product, Huntingdon Fusion Techniques, Wolfram Industrie, Metal Cutting, BGRIMM, ATTL Advanced Materials, SUNRAIN Tungsten”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Tungsten Welding Electrodes Market Research Report
By Type
Pure Tungsten, Thoriated Tungsten, Lanthanum Tungsten, Cerium Tungsten, Yttrium Tungsten, Others
By Application
TIG Welding, Plasma Welding, Cutting, Thermal Spray, Others
By Companies
Diamond Ground Products, E3, Weldstone, Winner Tungsten Product, Huntingdon Fusion Techniques, Wolfram Industrie, Metal Cutting, BGRIMM, ATTL Advanced Materials, SUNRAIN Tungsten
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Tungsten Welding Electrodes Market Report Segments:
The global Tungsten Welding Electrodes market is segmented on the basis of:
Types
Pure Tungsten, Thoriated Tungsten, Lanthanum Tungsten, Cerium Tungsten, Yttrium Tungsten, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
TIG Welding, Plasma Welding, Cutting, Thermal Spray, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Diamond Ground Products
- E3
- Weldstone
- Winner Tungsten Product
- Huntingdon Fusion Techniques
- Wolfram Industrie
- Metal Cutting
- BGRIMM
- ATTL Advanced Materials
- SUNRAIN Tungsten
Highlights of The Tungsten Welding Electrodes Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Pure Tungsten
- Thoriated Tungsten
- Lanthanum Tungsten
- Cerium Tungsten
- Yttrium Tungsten
- Others
- By Application:
- TIG Welding
- Plasma Welding
- Cutting
- Thermal Spray
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Tungsten Welding Electrodes Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Tungsten welding electrodes are made of tungsten and are used in welding to create a joint. They heat up quickly, which makes them ideal for welding metals that have a high melting point.
Some of the major players in the tungsten welding electrodes market are Diamond Ground Products, E3, Weldstone, Winner Tungsten Product, Huntingdon Fusion Techniques, Wolfram Industrie, Metal Cutting, BGRIMM, ATTL Advanced Materials, SUNRAIN Tungsten.
The tungsten welding electrodes market is expected to register a CAGR of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Tungsten Welding Electrodes Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Tungsten Welding Electrodes Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Tungsten Welding Electrodes Market - Supply Chain
4.5. Global Tungsten Welding Electrodes Market Forecast
4.5.1. Tungsten Welding Electrodes Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Tungsten Welding Electrodes Market Size (000 Units) and Y-o-Y Growth
4.5.3. Tungsten Welding Electrodes Market Absolute $ Opportunity
5. Global Tungsten Welding Electrodes Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Tungsten Welding Electrodes Market Size and Volume Forecast by Type
5.3.1. Pure Tungsten
5.3.2. Thoriated Tungsten
5.3.3. Lanthanum Tungsten
5.3.4. Cerium Tungsten
5.3.5. Yttrium Tungsten
5.3.6. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Tungsten Welding Electrodes Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Tungsten Welding Electrodes Market Size and Volume Forecast by Application
6.3.1. TIG Welding
6.3.2. Plasma Welding
6.3.3. Cutting
6.3.4. Thermal Spray
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Tungsten Welding Electrodes Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Tungsten Welding Electrodes Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Tungsten Welding Electrodes Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Tungsten Welding Electrodes Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Tungsten Welding Electrodes Demand Share Forecast, 2019-2026
9. North America Tungsten Welding Electrodes Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Tungsten Welding Electrodes Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Tungsten Welding Electrodes Market Size and Volume Forecast by Application
9.4.1. TIG Welding
9.4.2. Plasma Welding
9.4.3. Cutting
9.4.4. Thermal Spray
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Tungsten Welding Electrodes Market Size and Volume Forecast by Type
9.7.1. Pure Tungsten
9.7.2. Thoriated Tungsten
9.7.3. Lanthanum Tungsten
9.7.4. Cerium Tungsten
9.7.5. Yttrium Tungsten
9.7.6. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Tungsten Welding Electrodes Demand Share Forecast, 2019-2026
10. Latin America Tungsten Welding Electrodes Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Tungsten Welding Electrodes Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Tungsten Welding Electrodes Market Size and Volume Forecast by Application
10.4.1. TIG Welding
10.4.2. Plasma Welding
10.4.3. Cutting
10.4.4. Thermal Spray
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Tungsten Welding Electrodes Market Size and Volume Forecast by Type
10.7.1. Pure Tungsten
10.7.2. Thoriated Tungsten
10.7.3. Lanthanum Tungsten
10.7.4. Cerium Tungsten
10.7.5. Yttrium Tungsten
10.7.6. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Tungsten Welding Electrodes Demand Share Forecast, 2019-2026
11. Europe Tungsten Welding Electrodes Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Tungsten Welding Electrodes Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Tungsten Welding Electrodes Market Size and Volume Forecast by Application
11.4.1. TIG Welding
11.4.2. Plasma Welding
11.4.3. Cutting
11.4.4. Thermal Spray
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Tungsten Welding Electrodes Market Size and Volume Forecast by Type
11.7.1. Pure Tungsten
11.7.2. Thoriated Tungsten
11.7.3. Lanthanum Tungsten
11.7.4. Cerium Tungsten
11.7.5. Yttrium Tungsten
11.7.6. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Tungsten Welding Electrodes Demand Share, 2019-2026
12. Asia Pacific Tungsten Welding Electrodes Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Tungsten Welding Electrodes Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Tungsten Welding Electrodes Market Size and Volume Forecast by Application
12.4.1. TIG Welding
12.4.2. Plasma Welding
12.4.3. Cutting
12.4.4. Thermal Spray
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Tungsten Welding Electrodes Market Size and Volume Forecast by Type
12.7.1. Pure Tungsten
12.7.2. Thoriated Tungsten
12.7.3. Lanthanum Tungsten
12.7.4. Cerium Tungsten
12.7.5. Yttrium Tungsten
12.7.6. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Tungsten Welding Electrodes Demand Share, 2019-2026
13. Middle East & Africa Tungsten Welding Electrodes Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Tungsten Welding Electrodes Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Tungsten Welding Electrodes Market Size and Volume Forecast by Application
13.4.1. TIG Welding
13.4.2. Plasma Welding
13.4.3. Cutting
13.4.4. Thermal Spray
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Tungsten Welding Electrodes Market Size and Volume Forecast by Type
13.7.1. Pure Tungsten
13.7.2. Thoriated Tungsten
13.7.3. Lanthanum Tungsten
13.7.4. Cerium Tungsten
13.7.5. Yttrium Tungsten
13.7.6. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Tungsten Welding Electrodes Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Tungsten Welding Electrodes Market: Market Share Analysis
14.2. Tungsten Welding Electrodes Distributors and Customers
14.3. Tungsten Welding Electrodes Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Diamond Ground Products
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. E3
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Weldstone
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Winner Tungsten Product
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Huntingdon Fusion Techniques
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Wolfram Industrie
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Metal Cutting
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. BGRIMM
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. ATTL Advanced Materials
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. SUNRAIN Tungsten
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
